Restaurant industry posts best comps in over two years in Q3
SEAFOODNEWS.COM [Nation's Restaurant News] - October 13, 2014
The restaurant industry posted its best sales results in more than two years during the third quarter of 2014, amid continuing signs of economic growth, according to the latest Restaurant Industry Snapshot from TDn2K’s Black Box Intelligence and People Report, based on weekly sales from more than 20,000 restaurant units representing more than $45 billion in annual revenue.
Same-store sales grew 1.6 percent during the quarter, a 1.3-percent increase over second quarter results and the best quarter for the industry since the first quarter of 2012. The industry saw positive same-store sales for the second consecutive quarter — a first since the second half of 2012.
Although same-store restaurant traffic also improved considerably during the quarter, a quarter of positive year-over-year guest count growth has not been seen since the recession, highlighting one of the biggest challenges faced by the chain restaurant industry today.
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